Daniel Godfrey shelves People’s Trust listing

Former trade body chief pulls investment trust listing

By

Mark Cobley

October 10, 2017 Updated: 8:03 p.m. GMT

Daniel Godfrey, the former Investment Association chief executive who was aiming to launch a new investment trust, has pulled its planned listing today after failing to win enough interest from investors.

Mr Godfrey, who was ousted from his role at the lobby group after clashing with asset managers over transparency and charges, had planned to launch the People’s Trust on Wednesday to counter what he called complexity and cost in the industry.